Terms of Use

1. Acceptance of terms

By accessing or using the Perpus trading terminal at perpus.xyz (the “Platform”), you agree to be bound by these Terms of Use. If you do not agree, do not use the Platform.

2. Description of service

Perpus is a non-custodial trading terminal that provides an interface for executing perpetual futures trades on supported decentralized exchanges. The Platform offers order placement (market, limit, and algorithmic execution types), portfolio monitoring, and analytical tools.

Perpus is a software interface only. We do not operate an exchange, provide financial advice, or manage your funds.

3. Eligibility

You must be at least 18 years old to use the Platform. By using the Platform, you represent that you are of legal age in your jurisdiction and that your use of the Platform does not violate any applicable laws or regulations.

You are solely responsible for determining whether your use of the Platform complies with the laws of your jurisdiction. The Platform is not available to residents of jurisdictions where the trading of perpetual futures or the use of decentralized exchanges is prohibited.

4. Restricted jurisdictions

The Platform is not available to Restricted Persons. A “Restricted Person” is anyone who:

• Resides in, is located in, is a citizen of, is incorporated in, or has a registered office in a Restricted Territory; or
• Is subject to economic sanctions or export control laws imposed by the European Union, the United States, or other applicable authorities.

Restricted Territories include:

• United States of America (including all states and territories)
• Ontario, Canada
• North Korea
• Iran
• Cuba
• Syria
• Myanmar
• Crimea, Donetsk, and Luhansk regions of Ukraine

This list may be updated at any time to reflect changes in applicable laws, regulations, or the policies of supported exchanges.

By using the Platform, you represent and warrant that you are not a Restricted Person. You agree not to use VPNs, proxies, or other technologies to conceal your location or circumvent geographic restrictions.

Perpus reserves the right to implement IP-based geofencing and other measures to enforce these restrictions. If we determine that you are accessing the Platform from a Restricted Territory or are otherwise a Restricted Person, we may suspend or terminate your access without notice.

5. Non-custodial nature

Perpus never takes custody of your funds. All assets remain in your exchange account at all times. When you authorize Perpus as a trading agent, you grant permission for the Platform to place and cancel orders on your behalf. This authorization does not permit Perpus to withdraw, deposit, or transfer your funds.

You may revoke the agent authorization and the builder fee approval at any time directly on the exchange.

6. Builder fee

Perpus charges a builder fee on executed trades. The current fee rate is 1 basis point (0.01%) on executed orders.

You approve a maximum builder fee rate when you onboard to the Platform. The actual fee charged will not exceed your approved maximum. Builder fees are processed entirely on-chain by the exchange as part of its fee logic.

Fee rates may change with prior notice. Updated rates will be communicated through the Platform.

7. Risks

Trading perpetual futures involves substantial risk of loss. You acknowledge and accept the following:

• Market risk: The value of your positions can decrease rapidly. You may lose some or all of your invested capital, and losses can exceed your initial margin.
• Liquidation risk: Leveraged positions may be liquidated by the exchange protocol if your margin falls below required levels. Perpus does not control or intervene in the liquidation process.
• Execution risk: Orders may not execute at the expected price due to market conditions, network congestion, or liquidity constraints. Algorithmic execution types (such as chase orders) aim to optimize execution but do not guarantee specific outcomes.
• Technical risk: The Platform, the exchange protocol, or the underlying blockchain infrastructure may experience downtime, bugs, or vulnerabilities. While we make every effort to maintain system reliability, we cannot guarantee uninterrupted operation.
• Smart contract risk: Supported exchanges operate as decentralized protocols. Perpus has no control over their smart contracts, consensus mechanisms, or governance decisions.
• Regulatory risk: The legal and regulatory status of perpetual futures trading and decentralized finance may change in your jurisdiction.

Perpus does not provide financial, investment, or trading advice. You are solely responsible for your trading decisions.

8. Account security

You are responsible for maintaining the security of your wallet and any credentials used to access the Platform. Perpus stores agent keys with multi-layer encryption to execute trades on your behalf, but you are responsible for the security of your primary wallet and private keys.

If you believe your account or agent key has been compromised, revoke the agent authorization immediately on the exchange and contact us at hubert@perpus.xyz.

9. Prohibited uses

You agree not to:

• Use the Platform for any illegal purpose or in violation of any applicable laws
• Attempt to gain unauthorized access to the Platform's systems or infrastructure
• Interfere with or disrupt the operation of the Platform
• Use automated tools to scrape, harvest, or extract data from the Platform beyond normal use
• Impersonate another person or misrepresent your identity
• Manipulate markets or engage in wash trading, spoofing, or other forms of market manipulation through the Platform

10. Intellectual property

All content, software, design, and technology comprising the Platform are owned by Perpus and protected by applicable intellectual property laws. You may not copy, modify, distribute, or reverse engineer any part of the Platform.

Charts displayed on the Platform are provided by TradingView. “Charts by TradingView” — visit tradingview.com for more information.

11. Disclaimer of warranties

The Platform is provided on an “as is” and “as available” basis without warranties of any kind, whether express or implied. To the maximum extent permitted by law, Perpus disclaims all warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, non-infringement, and accuracy.

We do not warrant that the Platform will be uninterrupted, error-free, secure, or free of harmful components. We do not warrant that any orders will execute at expected prices, that algorithmic strategies will perform as anticipated, or that data displayed on the Platform is accurate or complete.

No regulatory authority has reviewed or approved the Platform. Use of the Platform does not constitute receipt of regulated financial services.

12. Limitation of liability

To the maximum extent permitted by law, Perpus and its operator shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Platform, including but not limited to:

• Trading losses or missed trading opportunities
• Errors in order execution or algorithmic strategy performance
• Platform downtime or technical failures
• Actions taken by the exchange protocol, including liquidations
• Unauthorized access to your account resulting from your failure to maintain security
• Changes in applicable laws or regulations

Our total liability for any claim arising from your use of the Platform shall not exceed the total builder fees you have paid to Perpus in the 12 months preceding the claim.

13. Indemnification

You agree to indemnify and hold harmless Perpus and its operator from any claims, damages, losses, or expenses arising from your use of the Platform, your violation of these Terms, or your violation of any applicable laws.

14. Modifications

We reserve the right to modify these Terms at any time. Changes will be posted on this page with an updated “Last updated” date. Material changes will be communicated through the Platform. Continued use of the Platform after changes constitutes acceptance of the revised Terms.

15. Termination

We may suspend or terminate your access to the Platform at any time, with or without cause, with or without notice. Upon termination, your right to use the Platform ceases immediately. Any pending orders will be cancelled where technically possible. Your funds remain in your exchange account and are not affected by termination of access to Perpus.

You may stop using the Platform at any time by disconnecting your wallet and revoking the agent authorization on the exchange.

16. Governing law

These Terms shall be governed by and construed in accordance with the laws of the Netherlands. Any disputes arising from or relating to these Terms or your use of the Platform shall be subject to the exclusive jurisdiction of the courts of the Netherlands.

17. Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in full force and effect.

18. Contact

For questions about these Terms, contact us at: